Market didn't do anything yet...FXI moved the way XLU moved recently which is down...will market follow?
Savy, young traders putting everything on the line for a piece of the big pie...
Tuesday, August 21, 2012
Saturday, August 18, 2012
8/17 - Long - Red, Short - red
Theme across the board is that we are at major resistance on decreased volume...this to me means that we are gonna pullback next week..and we should be very very cautious and tight with stops on any long positions...after pullback, then maybe good time to go long again, but now is very very risky imo
Tuesday, August 14, 2012
8/13 - L-red, S-red
market barely moved but QQQ and VIX shows a bullish hand..but still not good time to go long or short...must be boring for most traders
Monday, August 13, 2012
8/10 - Long-red, Short - Red
at top of range and stuck in a very small rectangle....not enough action to want to risk a long or short trade
Tuesday, August 7, 2012
8/6 - L-yellow, S-red
Market keeps climbing higher and in a pretty mechanical, textbook way...i see no resistance til the prior highs but also don't see today as a buying opportunity either...this should remain a quiet pick higher as i think the huge gap rise caught many off guard and many are just watching from the sidelines
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